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IIM as fresher or work experience - Which is Better? CAT & Related BSchools

Hi,

I'm a B.tech student currently in my 3rd year, and am planning to give CAT this year. (I started thinking of giving it fairly recently). I'm from Hyderabad.

Here is my acad profile:

10th: 90%

12th: 73%

B.Tech: 68-70% (Assuming I do well in the coming two sems)

(I'm a NON-IITian)

Do I stand a chance of making it to say... IIM-A or B given that I score well enough in the actual CAT exam?

And finally is it a more viable option to join an IIM WITH work experience rather than without? (Considering the recent trend in the IIM's in which freshers with no work experience are slowly being "elbowed" out of placements each year)

What is the pay-off one gets if one pursues an MBA from any of the IIM's immediately after graduation, in the long run? What are the placement opportunities for a fresher compared to someone with work experience?

Thank you in advance for any kind of suggestions or ideas...
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